Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Maine
MECPUSYSDSGNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
200.12
Year-over-Year Change
342.42%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Maine measures the inflation-adjusted output of the computer systems design industry in the state. This statistic is important for economists to track productivity and the health of the tech sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the real, inflation-adjusted quantity of goods and services produced by computer systems design firms in Maine. It is a key indicator of economic activity and productivity growth in the state's technology industry.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using methods that adjust for price changes.
Historical Context
Policymakers use this index to understand trends in Maine's technology sector and make informed decisions.
Key Facts
- The index is referenced as 2012=100.
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
- Maine's computer systems design sector accounts for a significant portion of the state's economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the computer systems design industry in Maine. It tracks the productivity and economic activity of this key technology sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the health and growth of Maine's technology industry, which is crucial for understanding the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using methods that adjust for price changes.
Q: How is this trend used in economic policy?
A: Policymakers use this index to monitor trends in Maine's technology sector and make informed decisions about economic development, investment, and workforce policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Computer Systems Design and Related Services (5415) in Maine (MECPUSYSDSGNQGSP), retrieved from FRED.